Protection provider Synergy Protect is closing to new business from January 29.
The income protection and life insurance provider says existing plans will continue to be administered by the company and clients’ cover will not be affected by this move.
Pipeline business will also continue to be processed in the usual way.
In an email sent to IFAs, Synergy Protect sales director Wayne Anderton says: “In future, any amendments or alterations will continue to be dealt with in the usual way and we can still be contacted.”
Call me a cynic, but doesn’t it seem like the platform providers are becoming like the old life offices?
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New laws in Dubai will put the burden of providing international private medical insurance (iPMI) firmly on the shoulders of the employer in order to maintain the country’s leading healthcare facilities. With 10,000 UK nationals having moved to the country since 2007 and only 16.5 per cent of the total 8.2 million people living there being Emiratis, Jelf Employee Benefits believes this move was inevitable and employer responsibilities could continue to escalate in future.
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